D 
45.86
+1.19%
Close of 9 Nov 2026, in EUR
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in EUR, from our data supplier.
Revenue
€3.80bn
FY2016FY2025
Net income
€316.3m
FY2016FY2025
Free cash flow
€455.0m
FY2016FY2025
Shareholders' equity
€2.03bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €3.80bn | €3.49bn | €3.07bn | €3.16bn | €3.22bn | €2.35bn | €2.10bn | €2.08bn | €1.97bn | €1.85bn |
| Research and development | — | €11.4m | €13.2m | €11.0m | — | — | €41.1m | €51.0m | €51.0m | €49.0m |
| Operating income | €459.5m | €432.3m | €490.4m | €248.3m | €407.4m | €261.2m | €199.7m | €243.2m | €245.5m | €239.4m |
| Net income | €316.3m | €310.7m | €250.4m | €177.4m | €311.1m | €200.1m | €161.0m | €184.7m | €178.3m | €167.4m |
| Diluted earnings per share | 2.09 | 2.05 | 1.66 | 1.16 | 2.07 | 1.34 | 1.08 | 1.24 | 1.19 | 1.12 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €4.10bn | €4.34bn | €3.81bn | €3.55bn | €3.93bn | €2.88bn | €2.36bn | €2.12bn | €2.09bn | €1.80bn |
| Cash and short-term investments | €1.24bn | €1.20bn | €1.32bn | €1.13bn | €1.32bn | €894.6m | €830.0m | €612.6m | €667.7m | €461.1m |
| Total liabilities | €1.87bn | €2.07bn | €2.00bn | €1.89bn | €2.36bn | €1.62bn | €1.17bn | €1.06bn | €1.07bn | €784.1m |
| Debt | €514.6m | €498.7m | €654.3m | €952.2m | €966.3m | €735.0m | €561.0m | €389.0m | €409.4m | €179.9m |
| Shareholders' equity | €2.03bn | €2.08bn | €1.81bn | €1.66bn | €1.57bn | €1.27bn | €1.19bn | €1.07bn | €1.02bn | €1.01bn |
| Shares outstanding | 151m | 151m | 151m | 153m | 150m | 150m | 150m | 150m | 150m | 150m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €544.2m | €486.4m | €584.4m | €151.9m | €502.6m | €467.4m | €237.5m | €188.6m | €204.0m | €243.0m |
| Capital spending | −€89.2m | −€103.5m | −€95.3m | −€128.9m | −€135.1m | −€91.6m | −€62.8m | −€64.5m | −€99.3m | −€55.4m |
| Free cash flow | €455.0m | €382.9m | €489.1m | €23.0m | €367.5m | €375.8m | €174.7m | €124.1m | €104.7m | €187.7m |
| Dividends paid | −€186.5m | −€101.0m | −€72.4m | −€124.6m | −€80.7m | −€80.5m | −€55.3m | −€149.5m | −€119.6m | −€65.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €1.68bn | €777.7m | €2.22bn | €881.4m | €824.8m | €755.2m | €1.26bn | €807.2m |
| Operating income | €221.5m | €95.4m | €123.7m | €126.4m | €87.2m | €84.6m | €178.2m | €109.2m |
| Net income | €141.4m | €61.7m | €199.7m | €71.0m | €59.2m | €57.4m | €136.9m | €67.6m |
| Diluted earnings per share | 0.93 | 0.41 | 1.32 | 0.47 | 0.39 | 0.38 | 0.91 | 0.45 |
| Cash from operations | €104.0m | −€55.0m | €575.0m | −€85.0m | €46.0m | −€104.0m | €464.0m | −€84.0m |
| Capital spending | −€28.0m | — | −€35.0m | — | −€23.0m | −€15.0m | −€49.0m | −€17.0m |
| Free cash flow | €76.0m | — | €540.0m | — | €23.0m | −€119.0m | €415.0m | −€101.0m |
| Total assets | €4.09bn | €4.09bn | €4.10bn | €3.89bn | €4.01bn | €4.11bn | €4.34bn | €3.95bn |
| Cash and short-term investments | €877.8m | €944.1m | €998.4m | €625.6m | €877.3m | €861.1m | €1.20bn | €690.1m |
| Debt | €436.7m | €103.9m | €529.3m | €142.8m | €541.3m | €216.4m | €454.1m | €215.6m |
| Shareholders' equity | €2.06bn | €2.12bn | €2.03bn | €1.89bn | €1.82bn | €2.06bn | €2.08bn | €1.85bn |
Financial ratios
Data as of 17 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 12.1% | 12.4% | 10.7% | 7.9% | 12.7% | 11.0% | — | — | — |
| Net margin | 8.3% | 8.9% | 8.1% | 5.6% | 9.7% | 8.5% | — | — | — |
| Return on equity | 15.6% | 15.0% | 13.8% | 10.7% | 19.8% | 15.8% | — | — | — |
| Return on assets | 7.7% | 7.2% | 6.6% | 5.0% | 7.9% | 6.9% | — | — | — |
| Free cash flow yield | 9.6% | 8.9% | 10.3% | 4.2% | 9.7% | 8.6% | — | — | — |
| Revenue growth | 8.9% | 13.5% | -2.6% | -2.0% | 37.1% | 11.9% | — | — | — |
| Earnings growth | 1.8% | 24.1% | 41.1% | -43.0% | 55.4% | 24.3% | — | — | — |
| Current ratio | 1.82x | 1.70x | 1.87x | 2.18x | 1.69x | 1.77x | — | — | — |
| Debt to equity | 0.22x | 0.27x | 0.44x | 0.54x | 0.56x | 0.50x | — | — | — |
| Equity ratio | 49.5% | 47.9% | 47.5% | 46.7% | 39.9% | 44.0% | — | — | — |
| Interest coverage | 20.28x | 147.29x | 172.94x | 22.52x | 64.57x | 49.17x | — | — | — |
| R&D as a share of sales | — | 0.3% | 0.4% | 0.3% | — | — | 2.0% | 2.5% | 2.6% |
| Buybacks as a share of market value | -0.1% | -0.2% | 1.3% | -1.9% | -0.2% | -0.1% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.4% | 10.1% | 7.2% |
| Operating income | 22.8% | 12.0% | 7.0% |
| Net income | 21.3% | 9.6% | 7.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 12.2% | 12.1% | 12.0% | 11.9% |
| Net margin | 8.6% | 7.8% | 8.2% | 8.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 17.5 | 14.7 | 18.4 | 18.1 | 15.2 | 19.3 | 17.5 | 17.9 | 21.2 | 20.2 |
| Price to sales | 1.5 | 1.3 | 1.5 | 1.0 | 1.5 | 1.6 | 1.3 | 1.6 | 1.9 | 1.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 24 years. Last went ex-dividend on 18 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.85 | 0.42 | 1.50 | 0.48 | 0.83 | 0.54 | 0.54 | 1.37 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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